Asked by Edith Anderson on May 16, 2024
Verified
Home Stuff Corporation is poised to issue securities that, under the Securities Act of 1933, are exempt. This means that the securities can be sold
A) only after being registered.
B) on the basis of nonpublic information.
C) within any six-month period by certain insiders.
D) without being registered.
Securities Act
A U.S. law enacted in 1933 that requires the disclosure of significant financial information by companies offering securities (stocks, bonds) for public sale.
Exempt
To be free or released from an obligation, rule, or requirement typically imposed on others.
- Pinpoint the exemptions and conditions specified in securities regulations for securities issuance.
Verified Answer
MA
Mark Alben PoncianoMay 18, 2024
Final Answer :
D
Explanation :
Securities that are exempt under the Securities Act of 1933 can be sold without the need for registration with the Securities and Exchange Commission (SEC). This exemption allows for a more streamlined process for issuing securities under certain conditions.
Learning Objectives
- Pinpoint the exemptions and conditions specified in securities regulations for securities issuance.
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